Child Development Accounts

What are Prosperity Kids Child Savings Accounts?

Prosperity Kids Child Savings Accounts are matched education savings accounts for limited-income households. Each Child Savings Accounts is opened with a $100 deposit and is matched 1:1—up to $200 per year and can be used for college or successful transition into adulthood. Parents also complete 10 weeks of financial capability and parent-child development education—including how to start a supplementary emergency savings fund to further stabilize the household.

Child Savings Accounts Data-backed Results

Evidence shows that success later in life often is predicated upon a financially informed and solvent foundation seeded with a modicum of savings during childhood.

Children who are enrolled in and leverage their Child Savings Accounts are:

Four-to-six times more likely to attend college or some form of postsecondary education;
Three-and-a-half times more likely to earn a college degree;
50 percent less likely to experience depression;
Primed for heightened socio-emotional development relative to their peers by preschool; and
More likely to shape, along with their family, a success-oriented, “college-going identity” frame—through which they envision their future aspirations, and work to bring them to fruition.